McDonald’s raises quarterly dividend by 10 percent to 55 cents

McDonald’s raises quarterly dividend by 10 pct

OAK BROOK, Ill. — McDonald’s Corp. says its board has raised its quarterly dividend by 10 percent to 55 cents.

It will be paid on Dec. 15 to shareholders of record as of Dec. 1. The increase brings its yearly dividend to $2.20.

The company says it has raised its dividend every year since paying its first dividend in 1976.

McDonald’s shares rose 58 cents to close Thursday at $56.12.